TRADE-UPDATE, USDCAD & AUDUSD, 22.2.2017

I am still riding the two trades. One was put on early last week in AUDUSD. I have added first position @7575. I m still holding that position targeting for weekly highs. It is close to two weeks but the progress is shallow, up roughly 100pips. I have added last week one other position in audusd to scale in, but due to other exposure in other pairs and lack of decent movement in this pair I have closed that position around 0.

Reasoning & thinking

Nice run on a daily

AUDUSD is a c*nt so it will take those weekly high before moving lower again

Great accumulation phase after a runner (love these play) -> reason for first entry

Strong breakout and held -> reason for second entry around mid of range (50%).

Broke of 77, I was expecting bigger flush, this did not happen, trade came back to the mid of prev.range -> exited second position

Still holding first core position

Warning zone at 7636

USDCAD

Summary

SDZP play (blue zone down), hit it on blind. Still holding to the red zone for the flush of highs

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I am a dumb shit :) but I am here to learn. In order to learn and struggle well, I have decided to have a positive approach to life and no ego attitude. Yes, it is always your decision. My goal is to be kind, empathic learner with audacious goals and balls to achieve them. My explorations are guided by my principles.

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